67-08-2019 Latin American Economy & Business Report
Economy & Business Report
Pace of inequality decline has slowed since 2014 in Andean region
When Peru’s congress voted to censure the prime minister, Ana Jara, last week, it left President Ollanta Humala with two options: brinkmanship or conciliation. He opted for the former. Humala replaced Jara with Pedro Cateriano, his defence minister for the last three years and a figure of hate for the main opposition parties. Cateriano will have to run the gauntlet of congress by 2 May to seek a vote of confidence. If congress refuses to give this, however, Humala could dissolve the body. The Humala administra- tion, meanwhile, is arguing that the political uncertainty created by congress is conspiring against economic growth by putting off investors.
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